PetroChina's overseas operations chief Bo Qiliang is under official investigation after being removed from his post, a company source with knowledge of the matter told Reuters. Earlier on Friday, PetroChina said in a filing with the Shanghai…
Harvey Gulf International Marine has sold its towing division to Signet Maritime Corporation.Through the deal, Signet will acquire eight offshore towing vessels (OTVs) ranging in size from 75 to 153 metric tons bollard pull. The sale will encompass all Harvey OTVs…
London P&I Club’s result for the 2013/2014 financial year produced an overall surplus of $6.6 million, increasing the free reserve to $160.6 million.There was an increase in P&I claims costs within the club’s retained layers in the financial year…
The TT Club announced its financial results for the year ended December 31, 2014, maintaining its A- (Excellent) rating by agency AM Best for the eight consecutive year.Highlights: $186.3 million gross written premiums $12 million surplus Total assets of $641…
BMT Group Ltd. announced that Charles Packshaw has joined the Board of Directors as a nonexecutive Director. Charles has 30 years’ experience working with financial institutions in the City of London and is currently Head of UK Advisory at HSBC Bank…
Russian Maritime Register of Shipping (RS) said it is actively strengthening partnership in key areas of enhancing maritime transport safety. In 2014, meetings of four sections of the RS Scientific and Technical Council (STC) were held. Scientific and educational centers…
Waterways Council, Inc. (WCI) says it praises the final conference agreement for the Water Resources Reform Development Act (WRRDA) of 2014, which contains four major recommendations of the Capital Development Plan (CDP), and urged passage of a final bill…
In his speech at the LNG Export & Export & Infrastructure Conference Federal Maritime Commissioner Doyle gives insights on the consequences of the adoption of Liquefied Natural Gas (LNG) as a marine fuel in the United States. The text from the…
Office of Congressional and Public Affairs Maritime Administration draws attention to a new video in which Vice-President Joe Biden explains in 90 seconds why the country needs to invest in its ports.The video is at: http://1.usa.gov/1lbkE99
Donation made following delivery of SWATH workboatCTruk said it recently cemented its support of the Motor Neurone Disease Association with a donation of £20,000 following the delivery of its second CWhisper SWATH workboat.The late naval…
Twenty-two shipping lines were honored yesterday, May 14, 2014, by the Port of Long Beach (POLB) for their efforts to improve air quality by slowing down or deploying cleaner vessels – or both – at the Port’s first Environmental Achievement Awards…
The Conference Report to H.R. 3080, the Water Resources Reform and Development Act (WRRDA), was filed in the U.S. House of Representatives today, introduced in the House by Committee Chairman Bill Shuster (R-Pa.), Committee Ranking Member Nick J…
The possible strike by 600 Norwegian engineers in service on ships has been cancelled after involved parties involved reached an agreement, GAC said in its daily Hot Port News report.The strike would have impacted most maritime traffic at Norwegian ports…
The Chesapeake PowerBoat Symposium Committee announced that Professor Jacques Hadler, Professor Emeritus of Naval Architecture at Webb Institute, will be the honored guest for this year's Powerboat Symposium. Hadler will be honored for his…
Wellsite Rental Services Appoints FaucheauxWellsite Rental Services has appointed Blair Faucheaux as controller.Faucheaux’s responsibilities include the management of all financial matters and support to the management and ownership teams…